High Liner Foods (TSE:HLF) Hits New 12-Month High – Should You Buy?

High Liner Foods Inc (TSE:HLF)’s share price reached a new 52-week high on Thursday . The stock traded as high as C$14.49 and last traded at C$14.34, with a volume of 29095 shares. The stock had previously closed at C$14.16.

High Liner Foods Price Performance

The company’s 50 day simple moving average is C$13.14 and its 200 day simple moving average is C$13.25. The company has a debt-to-equity ratio of 61.80, a current ratio of 2.88 and a quick ratio of 0.38. The stock has a market cap of C$432.49 million, a P/E ratio of 7.36 and a beta of 0.89.

High Liner Foods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.71%. This is a boost from High Liner Foods’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, November 29th. High Liner Foods’s payout ratio is presently 31.09%.

High Liner Foods Company Profile

High Liner Foods is the leading North American processor and marketer of value-added frozen seafood. Their retail branded products are sold throughout the United States, Canada and Mexico under the High Liner, Fisher Boy, Sea Cuisine and C. Wirthy & Co labels, and are available in most grocery and club stores.